What is the price of a Treasury STRIPS with a face value of $100 that matures in 15 years and has a yield to maturity of 7.0 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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What is the price of a Treasury STRIPS with a face value of $100 that matures in 15 years and has a yield to maturity of 7.0 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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